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Pacific Ethanol to Build Oregon Plant

Pacific Ethanol, Inc. (Nasdaq: PEIX) has received all necessary permits to begin construction on a 35 million gallon per year ethanol facility at the Port of Morrow, located on the Columbia River near Boardman, Oregon. The company expects to begin construction, which should take approximately 12 months, within the next thirty days. CEO Neil Koehler observed that “This milestone is the latest in our stated plan to construct five ethanol production facilities to serve the western United States by the end of 2008. The Boardman plant is well situated, with access to the Columbia River, the Union Pacific Railroad and Interstate 84. The design will be based on our plant currently under construction in Madera, California, and therefore design and construction should proceed at a faster rate than the Madera plant, which we expect will begin ethanol production in the fourth quarter of this year.” The Oregon ethanol facility will provide ethanol for the Pacific Northwest gasoline markets, helping to increase supply in that area and provide a CO2-reducing fuel for the transportation sector. It is expected that the plant’s distillers grains will be sold to the local Oregon and Washington dairy and feed markets. About Pacific Ethanol, Inc. The […]

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SatCon Reports Q2 Results

SatCon Technology Corporation (Nasdaq NM: SATC), a developer and manufacturer of power electronic products for the alternative energy markets, announced its Q2 results. Revenue for quarter was $7.6 million, compared with $8.3 million for the quarter ended April 2, 2005. Revenue for six months ended April 1, 2006 was $14.7 million, compared with $17.5 million for the comparable period ended April 2, 2005. Net loss for the quarter was $3.2 million, or $0.08 per share, compared with a net loss of $2.4 million, or $0.07 per share, for the same period in fiscal 2005. The company has a strong backlog of $25.1 million in orders ($21.5 million for Q2 2005. “I am pleased with the progress we are making towards transitioning into a products-oriented business,” commented David Eisenhaure, Chairman and Chief Executive Officer. “I am also encouraged by the market reception for our alternative energy products. Our commercial grade solar inverters continue to gain market traction and represent approximately 15 percent of our total corporate revenues for the year-to-date, compared with 10 percent in the prior year. I am particularly encouraged by the recent traction that HEV and alternative fuel vehicles are achieving in the market and feel that the […]

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U.S. House Leader Suggests Ethanol Import Tariff Cut

House Majority Leader John Boehner said Tuesday that a temporary reduction in fuel ethanol import tariffs would help lower motor fuel pump prices. “We don’t have enough ethanol in production today. It’s coming on board, but if we were to temporarily reduce the tariff on ethanol coming into our country, I think that would ease the pressure that’s out there, resulting in lower gasoline prices,” the Ohio Republican told reporters. President Bush last week also called on Congress to lift the tariffs now on fuel ethanol imports. Asked if there were enough votes in both the House and Senate to lift the ethanol tariffs, Boehner said: “I think it’s possible.” But that could be a tall order based on the attitudes of key Midwestern senators, including Sen. Charles Grassley of Iowa, chairman of the Senate Finance Committee, the panel which would likely review tariff changes. Iowa is the nation’s largest producer of corn, the most often used feedstock for U.S. fuel ethanol. Speaking to reporters Tuesday evening in the Capitol, Grassley called lifting ethanol tariffs “a wild idea.” “Why do you want to kill the goose that lays the golden egg?” Grassley said of the U.S. ethanol industry. “Why does […]

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Debating Feebate

URL: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/114731612442350.xml&coll=7 Website: http://www.oregonlive.com/news/oregonian/index.ssf?/base/news/114731612442350.xml&coll=7     

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